Best Cryptocurrencies to Invest in 2018

Best Cryptocurrencies to Invest in 2018

In this article, we go over the best cryptocurrencies to invest in 2018. We provide top to coins that should capture your attention while trading. Furthermore, the article offers brief industry analysis, as well as investigation on each of the featured cryptocurrencies. The guide aims to arm you with the latest info regarding high-flying coins that can earn you profit through trading.

Brief Industry analysis

Using the data from CoinMarketCap, it is evident that the market grew tremendously at the end of 2017 and the beginning of the year 2018. Moreover, the trade volume increased as well, mainly driven by the growth of BTC price. Later on, the price of bitcoin fell down, driving the overall market with it as well, as seen below.

Many other currencies followed the bitcoin’s suit in terms of their price movements. Nevertheless, their trading did not, as some were more successful than others. Development and platforms that include these coins differ, thus their overall industry value grew even when the price fell down.

Summary Table

Below table represents data gathered on mid-June 2018, from sources that gathered their own data regarding cryptos. Thus, the following list may change in near future, however slightly.

Cryptocurrency Analysis

There are several reasons why we picked these particular cryptocurrencies as most attractive for a trade.

Bitcoin, being the largest crypto of the industry, should hold the top spot when considering trading. The major milestones ahead of 2018 are presumed inclusion of ETF contracts in all major financial institutions. The recent communication between Cboe and SEC, for example, exemplify recent efforts in including the crypto giant into the mainstream financial markets.

Additionally, many governments consider new policies concerning bitcoin, with many stating 2019 to be the year of new resolutions. Thus, it is important to find a good trading platform where you can put your seat in. You can check out our guide about BitMex, where we explain functions of margin trading for bitcoin. The said function can be seen in the picture below.

Cryptocurrency Analysis

There are several
reasons why we picked these particular cryptocurrencies as most attractive for a
trade.

Bitcoin, being the largest crypto of the
industry, should hold the top spot when considering trading. The major
milestones ahead of 2018 are presumed inclusion of ETF contracts in all major
financial institutions. The recent
communication between Cboe and SEC, for example, exemplify recent efforts in
including the crypto giant into the mainstream financial markets.

Additionally, many governments consider new policies concerning bitcoin, with many stating 2019 to be the year of new resolutions. Thus, it is important to find a good trading platform where you can put your seat in. You can check out our guide about BitMex, where we explain functions of margin trading for bitcoin. The said function can be seen in the picture below.

Ethereum has a lot going on for it. It introduced its smart contracts as the main feature, while its presence in trading platforms is similar to Bitcoin’s. Moving from PoW to PoS in the near future definitely will have an impact on the market.

The main point is to bring more control and stability. Scaling the network will take place during those hard forks. Although benefits are obvious, so are risks. If complete control of the market is transferred out of the miners’ hands, it might degrade the coin in terms of interest form trading participants.

Ripple stands out from the crowd due to its target audience – banks. The more financial institutions took upon its blockchain technology, especially after Cobalt algorithm implementation. Additionally, there are also trading platforms that might take up the XMR, such as Coinbase. Recent news of the company opening an office in Japan might push it to include Ripple in its trading portfolio as well.

To understand the significance of such move, you should read our guide about GDAX, which is a subsidiary platform of Coinbase.

Bitcoin Cash came as a result of a need to improve the bitcoin’s markets. The biggest boost that coin got was when BitPay accepted it within its midst. As a similar technology to bitcoin, it vastly relies on the fortunes of bigger “brother”. However, the community is trying to but the crypto in the front by new developments. The beta version of a trading bot called“Tipmebchbot”, which should propel the market forward.

EOS is starting to take its place in the industry, with eToro including it within its marketplace. The platform also just added itself within BitMEX trading marketplace, allowing futures and swaps contracts for EOS to form. This is quite an important development. It will push other exchanges and trading platforms to accept the coins and allow the market to grow.

Add to that the highly-anticipated main net launch in mid-2018 and you will understand why EOS made it to our list.

Litecoin is also known as a Silver Bitcoin, due to its initial goal of following BTC’sfootsteps with improvements. With the development of both SegWit and Lightning network, Litecoin is po0ised to see the growth, even if BTC falls down in value.

The major point is that its market penetration is quite similar to bitcoins yet there is space to fill out. Scaling can be done through faster transactions ad cheaper network all in works in coming 2019.

Cardano, when it comes to its blockchain-development, was and is one of the most active in the crypto world. Through its roadmap, it is evident that the years 2018 and 2019 will see a lot of new stuff in the network. Cardano plans to implement a Ledger Wallet partnership, new account paradigm, Plutus Core (development language like C++) and IELE VI.

The Daedalus development would also help platforms accept the crypt faster. Thus, it will be very interesting to see how these scaling efforts will impact the coin incoming months.

Tron is right now in the middle of development promotion program. Its partnerships with Bitmain, oBike, UPLive, and Game.com serve as a platform upon which blockchain network builds. The launch of Main Net might also prove to be a pusher the cryptocurrency needs in terms of trading platforms’ penetration.

The main issue remains behind the whitepaper’s contents, which seemed to be copied from other sources. The lack of trust might hamper these efforts but nevertheless, efforts to bypass the situation did offset some of the negative consequences so far.

NEO, often called Chinese Ethereum due to its automated smart contract technology, has a lot to offer. Being part of the Asia market, its own blockchain technology might be the biggest factor of growth. It makes its own little economy, what with its digital assets, smart contracts and a digital identity.

Currently, the NEOteam negotiates with Chinese authorities to open up the first marketplace that would use crypto coin NEO as a medium for payment. Thus, its trading propositions would skyrocket as well if the plan comes to pass.

Being open-sourced, Monero does offer a lot to the market in terms of privacy and security of transactions. Monero plans to overcome its scaling problems through bulletproofs. The test net was already carried out, and rather success fully too. Thus, it is expected for trade fees to go down by 80% while using Monerowallet transfers.

This will help better market penetration in the future if the bulletproof project does what it promises. If it does, it might as well propel the coin into one of the best cryptocurrencies in 2018 and beyond.

How to Detect Possibilities

Traders need to take into account several factors when they are locating the next big crypto in the industry. First and foremost, its support at the very beginning is quite important. Without partnerships and community at its development stage, it would only be one coin in the sea. Thus, successful and large are the first steps in establishing a good, tradable currency.

Next in line is its support in platforms, as well as software and tools available. BitMex, Bitfinex, GDAX/Coinbase, and Binance are just few trading platforms that can provide volume with ease. Listing it there would be a sign of growth that should be watched closely.

Lastly, cryptocurrency’s plans for future and further development are signs of potential success. If it stalls, as Dash does, it would quickly experience fallin trading volumes, and thus its attractiveness.

Conclusion

In this review, we went over the best cryptocurrencies to invest in 2018 when it comes to trading. We covered top ten coins that are currently the most attractive to invest in. These cryptocurrencies hold largest market value, a number of platforms and support in terms of software, instruments, and tools.

With the investigation one, it is a good idea to understand tools and strategies that trading come with. Be sure to check out articles about different crypto trading strategies, as well as instruments that can be of great use to you.